Articles for tag: Ambitious, Creates, Expansion, Factories, Groups, Industry, Jobs, Local, Nadu, Revolutionizing, StateoftheArt, Tamil, Tata

Market News

Tata Group’s ambitious expansion in Tamil Nadu creates 20,000 new jobs, revolutionizing local industry with state-of-the-art factories.

Tata Group’s ambitious expansion in Tamil Nadu creates 20,000 new jobs, revolutionizing local industry with state-of-the-art factories.

Tata Group is expanding its presence in Tamil Nadu by investing in major manufacturing units, including a new iPhone assembly plant in Hosur. Chairman N Chandrasekaran announced plans to hire over 20,000 people, doubling the workforce to 40,000 at this facility. In the past three years, Tata has invested significantly in electronics and automotive sectors, ...

Market News

IBBI’s new amendment enhances creditor representation, empowering homebuyers and large creditor groups in India’s corporate insolvency process.

IBBI’s new amendment enhances creditor representation, empowering homebuyers and large creditor groups in India’s corporate insolvency process.

The Insolvency and Bankruptcy Board of India (IBBI) has updated the rules for the Corporate Insolvency Resolution Process (CIRP) to improve how creditors are represented during insolvency cases. The new regulations, effective from September 24, 2024, introduce the role of an interim representative. This person will step in to represent a group of creditors while ...

Market News

Bajaj Housing Finance’s stellar debut boosts Bajaj Group’s valuation, narrowing the market cap gap with Adani Group amid fierce competition.

Bajaj Housing Finance’s stellar debut boosts Bajaj Group’s valuation, narrowing the market cap gap with Adani Group amid fierce competition.

Bajaj Housing Finance Ltd (BHFL) made a remarkable Market debut, significantly boosting the Bajaj Group’s Market capitalization to Rs 13.6 trillion, up by 9.3% from the previous figure of Rs 12.1 trillion. BHFL’s Market cap soared to Rs 1.37 trillion, exceeding its IPO valuation of approximately Rs 58,300 crore. In contrast, the Adani Group’s Market ...

Market News

Baba Kalyani battles his brother over conflicting Wills, igniting a dramatic family feud over Kalyani Group’s vast assets.

Baba Kalyani battles his brother over conflicting Wills, igniting a dramatic family feud over Kalyani Group’s vast assets.

Baba Kalyani, Chairman of Bharat Forge, has refuted his brother Gaurishankar’s claims about a new Will from their late mother, calling it misinformation. This family feud involves a court dispute over the legitimacy of wills regarding the Kalyani Group’s assets, including Bharat Forge, valued at over Rs 74,000 crore. Gaurishankar has filed an affidavit contesting ...

Market News

Swiss authorities freeze 1 million tied to an alleged Adani frontman, triggering a significant drop in the group’s stock values.

Swiss authorities freeze $311 million tied to an alleged Adani frontman, triggering a significant drop in the group’s stock values.

Seven stocks from the Adani group experienced declines on Friday, following Swiss authorities freezing $311 million linked to a Taiwanese individual amid a money laundering investigation. The allegations suggest he may serve as a front for the Adani group, which the conglomerate has strongly denied. Key stocks like Adani Power and Adani Energy dropped by ...

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